According to the business intelligence report titled ‘Global Patch Cable Market 2019-2028’, available with Market Study Report, global patch cable market is projected to record 7.2% CAGR between 2019-2028.
 

Rising demand for high-speed connectivity devices & systems is the key growth stimulant for global patch cable market. Moreover, growing number of data centers, increasing product applications, and emergence of 5G revolution will aid revenue inflow in the upcoming years.
 

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On the other hand, geographical factors, high installation costs, and negative impact of IoT technology are likely to pose as challenges for businesses operating in this domain.
 

Based on end user spectrum, the industry is divided into enterprise, IT & network security, industrial, and others. Speaking of product range, the business sphere is split into fiber optics, and copper cable. As per cable category, the market is arrayed into CAT 3, CAT 5, CAT 5E, CAT6A, CAT6, CAT7, multimode optical fiber, RG6, and others. Moving on to application scope, the business domain is classified into networking and non-networking.
 

Regionally speaking, North America currently accounts for a major share in global patch cable market, and is slated to expand rapidly between 2019-2028, owing to rising application of fiber optic ethernet cables, and surging need for secure & reliable transmission medium. Additionally, factors such as rising product innovation, technological advancements, and increasing investment inflow are also propelling regional market development.
 

Considering the competitive landscape, Legrand S.A., Black Box Corporation, Comnen Technology Co. Ltd., CP Technologies LLC, Quabbin Wire & Cable Co. Inc.,  Otscable.com Co. Ltd., CommScope Inc., Corning Inc., Cablemaster Corporation, Schneider Electric SE, Panduit Corporation, General Cable Industries Inc., FS.com Ltd. (Fiberstore), Belden Inc., and Major Custom Cable Inc. are the prominent players influencing global patch cable market trends.
 

These companies have been focusing on strategic decisions such as mergers & acquisitions, collaborations, partnerships, product launches, and investments in research & development to strengthen their foothold in the business domain and maximize profits.